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American Economists Say the Sequester Should Be Replaced with Other Spending Cuts

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American Economists Say the Sequester Should Be Replaced with Other Spending Cuts

At a time when American families are being forced to do more with less, the government in Washington continues to spend money we don’t have. The result: a booming budget deficit that economists say is hurting families and hurting our economy.

Unfortunately, President Obama disagrees. Instead of cutting government waste and replacing the sequester he proposed in 2011 entirely with better spending cuts, President Obama wants to use the sequester as a bargaining chip to raise yet taxes again on the American people to pay for even more government spending.

We can’t spend our way to prosperity. Spending is the problem. That’s why 180 American economists signed a statement that reads, “The large structural deficit due to excessive government spending is hurting the economy. If replaced, the sequester should be replaced with more responsible spending cuts, equal in total to the 2011 agreement, to help put the country on a path to a balanced budget within ten years.”

The American people should not be asked to pay more in taxes at a time when the government is wasting millions on luxury conferences for bureaucrats, the construction of a TV studio for the IRS, and hiring PR firms to promote ObamaCare.

Here’s the full list of economists. Tell us if you agree with them by signing your name above.